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Stronger dollar sends crude prices down

A strengthened US dollar makes oil more expensive in other currencies, potentially weighing down on demand, Reuters reports.

Photo: NICK OXFORD/REUTERS / X03416

Oil prices are down Thursday morning CET on a strengthened US dollar resulting from a Federal Reserve announcement that the central bank mulls raising interest rates earlier than expected.

The price drop is cushioned by a steeper decline in US oil stockpiles.

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